Huntington National Bank Purchases 3,942 Shares of Vertiv Holdings Co. $VRT

Huntington National Bank grew its position in Vertiv Holdings Co. (NYSE:VRT) by 61.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,317 shares of the company’s stock after acquiring an additional 3,942 shares during the quarter. Huntington National Bank’s holdings in Vertiv were worth $1,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. FengHe Fund Management Pte. Ltd. bought a new position in shares of Vertiv in the 1st quarter worth $33,389,000. Nordea Investment Management AB raised its position in shares of Vertiv by 100.1% in the 2nd quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock worth $415,132,000 after acquiring an additional 1,624,456 shares in the last quarter. Fox Run Management L.L.C. raised its position in shares of Vertiv by 449.9% in the 1st quarter. Fox Run Management L.L.C. now owns 21,545 shares of the company’s stock worth $1,556,000 after acquiring an additional 17,627 shares in the last quarter. Trilogy Capital Inc. bought a new position in shares of Vertiv in the 2nd quarter worth $2,790,000. Finally, iA Global Asset Management Inc. raised its position in shares of Vertiv by 130.2% in the 2nd quarter. iA Global Asset Management Inc. now owns 9,147 shares of the company’s stock worth $1,175,000 after acquiring an additional 5,173 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Insider Transactions at Vertiv

In other news, Director Jakki L. Haussler sold 15,680 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $123.92, for a total value of $1,943,065.60. Following the transaction, the director directly owned 4,631 shares of the company’s stock, valued at approximately $573,873.52. This represents a 77.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Ryan sold 22,218 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $127.34, for a total value of $2,829,240.12. Following the completion of the transaction, the insider directly owned 12,803 shares in the company, valued at $1,630,334.02. This represents a 63.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 180,952 shares of company stock valued at $23,360,571 over the last three months. Company insiders own 2.63% of the company’s stock.

Vertiv Stock Up 5.4%

Shares of VRT stock opened at $190.50 on Thursday. The stock’s 50-day simple moving average is $157.38 and its 200-day simple moving average is $131.21. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.83. The firm has a market capitalization of $72.84 billion, a PE ratio of 71.89, a P/E/G ratio of 1.47 and a beta of 1.87. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $202.45.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.25. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.59 billion. Vertiv had a return on equity of 50.82% and a net margin of 10.67%.The company’s revenue was up 29.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.76 earnings per share. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS. FY 2025 guidance at 4.070-4.130 EPS. Equities analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 15th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv’s dividend payout ratio is currently 5.66%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VRT. Weiss Ratings raised Vertiv from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Citigroup upped their target price on Vertiv from $192.00 to $198.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Rothschild & Co Redburn started coverage on Vertiv in a research report on Wednesday, August 20th. They set a “neutral” rating and a $135.00 target price on the stock. The Goldman Sachs Group set a $182.00 target price on Vertiv in a research report on Thursday, October 23rd. Finally, William Blair started coverage on Vertiv in a research report on Monday, July 28th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $177.81.

Vertiv Company Profile

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.